Brent oil price falls to lowest level in more than a month
May 27, 2015 09:19 am UTC| Commentary
A significantly appreciating US dollar put pressure on commodity prices across the board yesterday. Brent shed just shy of 3% and closed trading at $63.7per barrel, its lowest level in at least a month. WTI fell to a...
Australia's Q1 mining capex still sliding, but focus is on plans in other industries
May 27, 2015 09:16 am UTC| Commentary
Given the medium-term investment plans of the mining sector and considering the relentless declines in both iron ore and coal prices in the latter part of 2014, a further sharp decline in mining investment looks almost...
IMF deems CNY as “no longer undervalued”, urges greater CNY flexibility
May 27, 2015 09:11 am UTC| Commentary
In the latest Article IV Consultation Mission to China, IMF revised its assessment of the valuation of CNY to "no longer undervalued" from "undervalued by 5-10%" in 2013. According to IMFs CNY REER index, it has...
May 27, 2015 07:28 am UTC| Commentary
The market now wants to see Riksbank take action rather than just make announcements. After all the Executive Board members have pointed outsufficiently now that inflation takes top priority for them and that they will not...
May 27, 2015 07:18 am UTC| Commentary
The Bank of Canada (BoC) rate decision is likely to be unspectacular today. The analysts polled by Bloomberg agree that the BoC will leave its key rate at 0.75%. Central bank governor Stephen Poloz had only recently...
May 27, 2015 06:58 am UTC| Commentary
The National Bank of Hungary (NBH) cut its base rate by 15bp to 1.65%, as expected by the unanimous consensus. This is the third consecutive cut since March, when the NBH reinitiated its cutting cycle."The NBH will cut its...
China and the SDR: a storm in a basket
May 27, 2015 06:44 am UTC| Commentary
It is only a matter of time before China passes another milestone as the renminbi is added to the basket of currencies which determine the value of the IMFs special drawing right. However, analysts doubt that this will...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects